As Asia-Pacific economies grow, creating wealthier societies, it’s the local retail fund and private banking markets that will generate close to 50% of net new flows and revenue opportunity for money managers over the next five years, according to a new whitepaper from Casey, Quirk & Associates LLC, a leading management consultant to the global asset management industry.
By contrast, the sovereign wealth funds and other government entities that controlled the bulk of professionally managed assets to date in the Asia-Pacific region will prove harder to target successfully by investment firms, as they increasingly move to manage assets internally………………………………………..Full Article: Source